While the rest of the world struggles with Covid-19, Kiwis are fortunate to be living in a bubble and relatively isolated from events overseas. However, this may not always be the case.

Rather than being complacent, health officials are urging us to prepare for another possible community outbreak and ensure we continue contact tracing, stay home if sick and get tested if we have any symptoms.

Many retailers are experiencing sales higher than this time last year, hospitality and construction are booming and for many people their incomes are largely unchanged.

If you are relatively unaffected by coronavirus related events, you should use this opportunity of the calm before a possible storm to ‘make hay while the sun shines’ as the old adage goes. Now is the perfect time to build your financial resilience through increasing savings, managing debt and reviewing insurances to plan ahead for the next rainy day. While we don’t know when this will be, or what will cause this – we know that sooner or later a financial shock will arrive. Planning ahead especially around any new major financial commitments and being smart with your spending are more important than ever.

Make hay while the sun shines...